[TEK] TEKcoin Hi-PoS hybrid pos/pow no premine/ipo/ico

[4x13]

I totally agree, Excellent point!!!

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[m33]

Yeah, been watching them since they started. they are taking in an incredible amount of coins daily now. I am just sending in 50% of previous Profits. Can't hurt...

Very clever move , good job . That way u still profit . Just dun forget to keep half of it . So that you can donate to the the next tekcoin project. Thanks in advance . XD

[m33]

I'm going to test it with coins from faucets , let it run a 100 hours , see if it last that long (doge n silkcoin)

[MarketNeutral]

Can anyone provide any information, either hard data or anecdotes, on how the hash rate has changed over time? Is it increasing, decreasing, staying about the same? How does the hash rate now compare to what it was a year ago, or before the fork? Thank you.

[bney]

Anecdotal, but the hashrate has remained relatively stable since the fork.
The pool I run has seen hashing range up to about 15th with difficulty around 150k
Right now its running pretty low at 3.5 th overall with difficulty at about 50k,

That seems to be the range I see all the time.

[thundertoe]

Has anyone tried this www.stakemybit.com ? very interesting and they have Tekcoin, it could offer a solution to those looking for more ease of use.

[4x13]

Any word on the New Mac Wallet??

[bney]

Call me non-trusting, but if I'm going to stake coins, I prefer to keep them in my own wallet.

[4x13]

They are using the power of increased wallet weight to increase the speed at which your coins will stake.

[m33]

They are using the power of increased wallet weight to increase the speed at which your coins will stake.

With block size of 400 - 700 , I stake within 3 mins apart for all 7 blocks , so for tekcoin . I think no need . Other coin maybe (shall not name them here)

[tuaris]

Has anyone tried this www.stakemybit.com ? very interesting and they have Tekcoin, it could offer a solution to those looking for more ease of use.

Interesting but dangerous.  It defeats the purpose of PoS by giving a single person so much control.

[m33]

@gribo , ok not a problem stop as requested , but I was just share what was a good chance.

[m33]

Danger Posed at POS Coins by CryptoDouble

Everyone says they are just a Ponzi Scheme,

What if they are really a Trojan Horse.

A Way to Kill POS Coins by mounting a 51% attack.

A POS Community starts sending their coins to Cryptodouble,
And keeps sending them back until they have 26% of a coin,
CryptoDouble then buys up only another 26% and they then control 52% of the coins total amount, then they could hit the coin with a 51% attack and destroy the coin.

Something all POS Communities should consider before sending POS coins to cryptodouble.
Smarter move would be to only send them POW coins, if you are Gambling with your coins.

 

FYI:
If the Exchange Volumes don't increase , then they already have purchased 26% and are waiting for the communites to give them the rest.

Why attack a coin if you have more than 50 % what would he gain , he lose more than other . Unless profit is not in his mind

Fyi : I have gone thru the list of invested amount hyp and tek are far and few , to little to amount to any percentage . The only large amount is silkcoin whose pos percent is low , the 100 hours there is like stake silkcoin the normal way , FOR A WHOLE YEAR

Note : all investment should be done with care . Never invest with borrow coins

[dickwhite]

I'm going to test it with coins from faucets , let it run a 100 hours , see if it last that long (doge n silkcoin)

You know, I'm all for freedom. If you want to gamble with your coins, that's fine. But using sites like Cryptodouble are just bad for the industry as a whole even if you avoid using TEK.

Scams like this only make us look like a bunch of lawless cowboys. Worse yet, when this site goes bust and the owners disappear with a whole lot of coins, people on the losing end will be up in arms demanding justice from the same guys who tolerate Wall St. scams.

We really need to self-regulate this industry until all the weak vectors of attack (exchanges, coin processors, etc.) are sufficiently decentralized, lest governments move in and 'regulate' our coins to death. Cryptocoins are a huge middle-finger to the current system of endless paper-debt issuance, and there will be growing pressure to reign control.

That means we should be promoting activities that build confidence and legitimacy in the system and resisting the temptation and greed that sites like Cryptodouble thrive upon.

Again, not telling you what to do, just pointing out the ramifications of supporting these sites in general.

[M33a]

I'm going to test it with coins from faucets , let it run a 100 hours , see if it last that long (doge n silkcoin)

You know, I'm all for freedom. If you want to gamble with your coins, that's fine. But using sites like Cryptodouble are just bad for the industry as a whole even if you avoid using TEK.

Scams like this only make us look like a bunch of lawless cowboys. Worse yet, when this site goes bust and the owners disappear with a whole lot of coins, people on the losing end will be up in arms demanding justice from the same guys who tolerate Wall St. scams.

We really need to self-regulate this industry until all the weak vectors of attack (exchanges, coin processors, etc.) are sufficiently decentralized, lest governments move in and 'regulate' our coins to death. Cryptocoins are a huge middle-finger to the current system of endless paper-debt issuance, and there will be growing pressure to reign control.

That means we should be promoting activities that build confidence and legitimacy in the system and resisting the temptation and greed that sites like Cryptodouble thrive upon.

Again, not telling you what to do, just pointing out the ramifications of supporting these sites in general.

I totally agreed , but just so you know read it from here . I call it ponzi , and I always stress with care I used free coin to test it, and only posted updates , I stop when some joker said blah blah .... Even got my old account ban , so I hope crypto double really burns someone good , call me evil if you will . But I'm not the person who bring it here .

Ps . Wow some joker even took the time to get me ban , lol

[thundertoe]

87k Tek dumped hard by somebody last night and about 50k sell wall up  



edit: and the sell wall is gone

[rfisher1968]

I always look back on trades to see If I made the right decision, It looks like I did.

Over the last couple of days I have sold all of my TEK. Lost about 60% of my BTC. But I made that back plus more on getting into clams early and selling near the high. I wish all TEK coin holders good luck with their investment.

[TickleJR]

I always look back on trades to see If I made the right decision, It looks like I did.

Over the last couple of days I have sold all of my TEK. Lost about 60% of my BTC. But I made that back plus more on getting into clams early and selling near the high. I wish all TEK coin holders good luck with their investment.

congrats on losing 60%,  looks like you made the right decision to buy high and sell low.

[rfisher1968]

I guess you didn't read the rest of the post. I made that 60% back on another coin and decided to cut my loses on TEK. My average sell price was around 3k compared to 2.2k on Cryptsy right now.

I always look back on trades to see If I made the right decision, It looks like I did.

Over the last couple of days I have sold all of my TEK. Lost about 60% of my BTC. But I made that back plus more on getting into clams early and selling near the high. I wish all TEK coin holders good luck with their investment.

congrats on losing 60%,  looks like you made the right decision to buy high and sell low.

[vancefox]

87k Tek dumped hard by somebody last night and about 50k sell wall up  



edit: and the sell wall is gone

Most likely from the cryptodouble website...

But with that said, apparently that website caused the entire crypto world to drop very quickly and pretty far.